Rheinmetall (OTCMKTS:RNMBY) Issues Quarterly Earnings Results

Rheinmetall (OTCMKTS:RNMBY) posted its quarterly earnings results on Thursday. The company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.39 by $0.07, Zacks reports. Rheinmetall had a net margin of 7.08% and a return on equity of 20.49%.

Rheinmetall Stock Down 5.0%

Shares of Rheinmetall stock traded down $14.10 during trading on Thursday, hitting $265.90. 95,810 shares of the stock were exchanged, compared to its average volume of 69,127. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.04 and a quick ratio of 0.54. The firm’s 50-day moving average price is $253.28 and its 200 day moving average price is $320.12. The stock has a market cap of $62.03 billion, a price-to-earnings ratio of 124.84 and a beta of 0.18. Rheinmetall has a 12-month low of $211.20 and a 12-month high of $468.90.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RNMBY. Santander upgraded Rheinmetall to an “outperform” rating in a report on Monday, May 4th. Citigroup upgraded Rheinmetall from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Rheinmetall in a research report on Monday, April 20th. Zacks Research cut Rheinmetall from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Finally, Oddo Bhf raised Rheinmetall to an “outperform” rating in a research report on Monday, June 22nd. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Rheinmetall currently has a consensus rating of “Moderate Buy”.

About Rheinmetall

Rheinmetall AG is a Germany-based technology group specializing in defense and automotive solutions. Established in 1889 and headquartered in Düsseldorf, the company operates through two core divisions: Defense and Mobility (formerly Automotive). With a long heritage in engineering and manufacturing, Rheinmetall has evolved into a leading supplier of military vehicles, weapons systems and civilian mobility components, serving customers worldwide.

The Defense division develops and produces a broad portfolio of products and services for armed forces.